CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Gold (GBP)

CFD on the Gold (XAU) to British pound sterling (GBP) exchange rate.

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Precious Metal CFDSubtype: Metal
Currency: GBP
Trading Hours: According to marketMeasurement Unit: Troy Oz
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Description:

Gold is a prevalent soft metal that is traded worldwide on various exchanges – valued in terms of British Pound (GBP). For centuries, gold has been considered a primary medium for exchange and it remains a leading global currency (1 troy ounce of gold is represented as XAU).  One of the unique advantages of gold CFDs is that they can be traded 23 hours a day, almost every day of the year. Another significant benefit is the metal’s high market liquidity, which allows traders to buy and sell contracts both quickly and easily. The process of determining the spot price of gold involves estimation of gold extraction, production and existing billions across the globe while taking into consideration the effects of economic and political events, general speculations and market behavior, as well as the value of other currencies and commodities. Gold’s spot prices are calculated and published every few seconds during market hours.

Interesting Facts:

  • Gold is the ultimate long-term store of value. Investing in precious metal offers an effective anti-inflationary tool against currency depreciation as it is not controlled by any specific government or international authority.
  • The primary exchange markets for trading gold are the New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM). As the two have substantially different time zones, gold futures and options are unequivocally available around-the-clock.
  • China and South Africa are the world’s top producers of gold. Together, they account for approximately 15% of the global annual gold output. Other leading producing countries include Argentina, Russia, Canada and the USA.